2025-11-14T18:04:45-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 750225045 CREDIT UNION OF TEXAS CRED 9722639497 900 W BETHANY DRIVE 500 ALLEN TX 75013 KERRY WHITSON CHIEF FINANCIAL OFFICER 9722639497 2025-11-14 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-14 2024 2025-03-06 01:10:19Z VANCE E POINTER 900 W BETHANY DRIVE 500 ALLEN TX 75013 218729272 0 2742 X WWW.CUTX.ORG X 1931 TX WE PROVIDE VARIOUS FINANCIAL PRODUCTS INCLUDING CONSUMER AND COMMERCIAL LOANS, LEASES, AND REAL ESTATE LOANS. SAVINGS PRODUCTS INCLUDE SHARES, SHARE DRAFTS, MONEY MARKET ACCOUNTS, CDS AND IRAS. 11 11 752 0 69621 0 0 0 165253009 201727840 8012925 1604394 14327177 14782785 187593111 218115019 521833 222073 1427915 1581197 49914995 51786797 0 0 0 125163727 155177413 177028470 208767480 10564641 9347539 2510763982 2541111199 2336690186 2357400807 174073796 183710392 TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS AND OUR COMMUNITY. WE STRIVE TO IDENTIFY OUR MEMBERS' NEEDS AND OFFER PROGRESSIVE SOLUTIONS BY OFFERING COMPETITIVE PRODUCTS AND PRICES TO ALLOW MEMBERS TO REACH THEIR GOALS. 0 0 CONSUMER AND COMMERCIAL LOANS AND LEASES: CREDIT UNION OF TEXAS OFFERS VARIOUS CONSUMER LOAN PRODUCTS TO OUR MEMBERS. THESE ARE CLOSED-END LOANS THAT INCLUDE NEW AND USED AUTOMOBILES, MOTORCYCLES, BOATS AND RECREATIONAL VEHICLES AND MOTOR HOMES AS WELL AS UNSECURED LOANS AND CREDIT CARDS, AND AUTOMOBILE LEASES. VARIOUS INSURANCE PROGRAMS ARE ALSO OFFERED ON THESE PRODUCTS. CERTIFICATES OF DEPOSITS (CDS) AND INDIVIDUAL RETIREMENT ACCOUNT CERTIFICATES (IRAS): CREDIT UNION OF TEXAS OFFERS CDS AND IRAS FOR OUR MEMBERS TO INVEST IN BOTH SHORT AND LONG TERM INVESTMENT VEHICLES AT A GUARANTEED RATE OF RETURN. INTEREST RATES ARE TYPICALLY COMPETITIVE, COMPOUNDED, AND CREDITED MONTHLY. SHARE ACCOUNTS: CREDIT UNION OF TEXAS HAS A MINIMUM $5.00 SHARE ACCOUNT BALANCE REQUIREMENT AND A ONE TIME $10.00 MEMBERSHIP FEE. MEMBER SHARE ACCOUNTS MAY PAY A MONTHLY DIVIDEND. THESE "SAVINGS" ACCOUNTS ARE PAID A COMPETITIVE RATE TO BENEFIT OUR MEMBERS. CREDIT UNION OF TEXAS HAD APPROXIMATELY 169,000 MEMBERS AS OF DECEMBER 31, 2024. SPECIAL SHARE ACCOUNTS ARE AVAILABLE FOR CHILDREN, SPECIAL OCCASIONS, AND HOLIDAY SAVINGS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 40362 0 1 752 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 X KERRY WHITSON 9723011841 900 W BETHANY DRIVE STE 500 ALLEN TX 75013 JERRY D CHRISTIAN BOD MEMBER 1.00 X 55298 0 0 MARELOU M CISNEROS BOD MEMBER 1.00 X 56376 0 0 TROY A MATHIEU CHAIRPERSON 1.00 X 59019 0 0 RANDALL CHADDICK BOD MEMBER 1.00 X 54948 0 0 CHRIS L WHITE BOD SECRETARY 1.00 X 54598 0 0 JANIE WORST BOD MEMBER 1.00 X 59536 0 0 RAFAEL C DIAZ BOD VICE CHAIRPERSON 1.00 X 41348 0 0 ADRIAN WILLIAMS BOD TREASURER 1.00 X 57908 0 0 ANTHONY U BARBER BOD MEMBER 1.00 X 55686 0 0 LISA WELLBORN BOD MEMBER 1.00 X 56368 0 0 BRIAN HARVEY BOD MEMBER 1.00 X 51150 0 0 VANCE E POINTER PRESIDENT AND CEO 40.00 X 2052924 0 411039 KERRY J WHITSON CHIEF FINANCIAL OFFICER 40.00 X 545549 0 151633 ANGELA M FAUST SVP CHIEF OPERATIONS OFFICER 40.00 X 484722 0 143351 COURTNEY L COSS CHIEF RETAIL OFFICER 40.00 X 577146 0 128231 EDWIN F ARMY CHIEF MARKETING/ENGAGEMENT 40.00 X 423271 0 235042 JAMES W POST CHIEF FACILITIES OFFICER 40.00 X 419839 0 222004 BARRY R SMITH PRESIDENT EASTERN TEXAS 40.00 X 302488 0 50756 ROCKY A MUNIZ-GONZALEZ CHIEF INVESTMENT OFFICER 40.00 X 335785 0 23912 MICHAEL VINING CHIEF INFORMATION OFFICER 40.00 X 482861 0 156499 ADRIAN MELENDEZ CHIEF TECHNOLOGY OFFICER 40.00 X 366511 0 159292 CHRISTOPHER D MURPHY CHIEF RISK OFFICER 40.00 X 291725 0 23062 JAMES T PACE VICE PRESIDENT - COLLECTIONS 40.00 X 353090 0 43268 KRISTIE H SIMO CHIEF LENDING OFFICER 40.00 X 283725 0 8187 MATTHEW E STEWART MORTGAGE SALES TEAM LEAD 40.00 X 248602 0 31641 RICHARD B WHITMAN PRESIDENT - TML 40.00 X 247995 0 9007 BILL BEAUCHENE MANAGER SALESFORCE 40.00 X 230433 0 35785 8248901 0 1832709 149 0 1 0 ASHLEY CAVAZOS (COZY COFFEE WAGON LLC) 415 ROLLING RIDGE RD HOLLY LAKE RANCH TX 75765 FOOD SERVICE 854227 MNET LLC 540 W FRONTAGE ROAD SUITE 2115 NORTHFIELD IL 60093 PHONE SERVICE 824299 GATEWAY PARTNERS LLC 12740 HILLCREST RD SUITE 101 DALLAS TX 75230 LEASE PROPERTY-RENT 761580 PILLAR COMMERCIAL 8222DOUGLAS AVE STE 250 DALLAS TX 75225 PROPERTY MGT 626505 PAYACTIV INC 400 N MCCARTHY BLVD STE 200 MILPITAS CA 95035 PAYROLL EE DRAW MGT 348790 25 INTEREST ON LOANS 522100 135165806 135165806 MEMBERS FEES & CHARGES 522100 38992259 38992259 ATM/DEBIT INCOME 522100 10860250 10860250 SERVICE REIMBURSEMENT 522100 10491424 10491424 INSURANCE PRODUCTS 524298 6148480 6148480 69621 69621 201727840 1626411 1626411 2566863 81461 2485402 2485402 2485402 510775 532792 -22017 -22017 -22017 OTHER INCOME 522100 10738713 10738713 OTHER NON-OPERATING INCOME 522100 1558670 1558670 12297383 218115019 218045398 69621 0 X 128639 93434 1581197 7572087 36167014 1291931 5242019 1513746 118766 1097723 232189 1365 13127712 6093912 5241831 13167261 8137562 1047121 104892 72259208 8505563 PROVISION FOR LOAN LOSS 18846441 MISCELLANEOUS EXPENSE 3827370 LOAN SERVICING EXPENSE 3344538 DEBIT CARD WRITE OFFS 23959 208767480 14848312 19500314 68851338 72325643 8964352 21302604 2078937729 2061541519 8984952 10096763 166700675 53885185 58712288 112815490 18448909 16312447 133278006 129892208 119738096 97324211 2510763982 2541111199 91199175 81658042 218000000 165000000 24534297 24594130 2002956714 2086148635 2336690186 2357400807 X 0 0 0 0 174073796 183710392 174073796 183710392 2510763982 2541111199 9347539 289057 0 X X 0 1 X 1 0 6962611 6962611 69387083 4303340 65083743 34227971 11020861 23207110 55469327 38397564 17071763 653683 163420 490263 112815490 112178754 C FHLB STOCK 14655100 C INVESTMENT IN CORP ONE 900000 C INVESTMENT IN PSCU 608354 C INVESTMENT IN TBLG, LLC 100000 C INVESTMENT IN TML 1450000 C 129892208 SHARE DRAFT 75361392 SHARES 812077266 MONEY MARKET 92404057 IRA SHARES 103045976 CERTIFICATES 1003259944 2086148635 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 DFW HUMANE SOCIETY 4140 VALLEY VIEW LN IRVING TX 75038 751433154 501(C)(3) 5124 0 CONTRIBUTION TO SUPPORT THE RESCUE OF OVER 900 PETS AND PROVIDE DAILY CARE, FOOD, AND ENRICHMENT UNTIL WE FIND THEIR PERFECT HUMAN MATCH STREETSIDE SHOWERS INC PO BOX 2623 MCKINNEY TX 75070 822043901 501(C)(3) 67500 0 CONTRIBUTION TO OFFER HOPE AND HELP RESTORE HUMAN DIGNITY TO THE HOMELESS COMMUNITY IN THE FORM OF A HOT SHOWER AND PERSONAL HYGIENE CARE BEST BUDDIES INTERNATIONAL INC 100 SE 2ND ST STE 220 MIAMI FL 33131 521614576 501(C)(3) 36015 0 SUPPORT TO SERVE INDIVIDUALS WITH IDD AND THEIR FAMILIES. THE IDD COMMUNITY INCLUDES, BUT IS NOT LIMITED TO, PEOPLE WITH DOWN SYNDROME, AUTISM, FRAGILE X, WILLIAMS SYNDROME, AND OTHER UNDIAGNOSED DISABILITIES. CITY OF ALLEN 305 CENTURY PARKWAY ALLEN TX 75013 756004912 MUNICIPALITY 15000 0 CHARITABLE CONTRIBUTION TO SUPPORT THE CITIY'S GROWTH AND DEVELOPMENT 3 1 SCHOLARSHIPS 48 93434 FORM 990, SCH I, PART I, LINE 1 DONATIONS TO ORGANIZATIONS ARE CONSIDERED CHARITABLE DONATIONS, NOT GRANTS. THEREFORE, THERE IS NO MONITORING AFTER DISBURSEMENT. A DESIGNATED HUMAN RESOURCES EMPLOYEE OVERSEES THE SCHOLARSHIP PAYMENTS TO THE RESPECTIVE COLLEGE OR UNIVERSITY. THE SELECTION AND AWARD PROCESS IS OVERSEEN BY A SCHOLARSHIP COMMITTEE. THE GUIDELINES ARE ESTABLISHED BY THE COMMITTEE FOR POST GRADUATE EDUCATION SCHOLARSHIP. RECIPIENTS PROVIDE PROOF OF ENROLLMENT AT A COLLEGE OR UNIVERSITY. SINCE PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE OR UNIVERSITY, THERE IS NOT MONITORING BY THE CREDIT UNION SUBSEQUENT TO DISBURSEMENT. X X 1 1 X X X X X 0 1 0 VANCE E POINTER PRESIDENT AND CEO 1595162 0 60000 0 397762 0 379717 0 31322 0 2463963 0 255188 0 COURTNEY L COSS CHIEF RETAIL OFFICER 350718 0 9798 0 216630 0 128231 0 0 0 705377 0 180868 0 KERRY J WHITSON CHIEF FINANCIAL OFFICER 348696 0 9798 0 187055 0 137663 0 13970 0 697182 0 154780 0 EDWIN F ARMY CHIEF MARKETING/ENGAGEMENT 314349 0 9798 0 99124 0 195481 0 39561 0 658313 0 65038 0 JAMES W POST CHIEF FACILITIES OFFICER 297153 0 27784 0 94902 0 186065 0 35939 0 641843 0 64945 0 MICHAEL VINING CHIEF INFORMATION OFFICER 284785 0 0 0 198076 0 122227 0 34272 0 639360 0 123255 0 ANGELA M FAUST SVP CHIEF OPERATIONS OFFICER 355425 0 19595 0 109702 0 121061 0 22290 0 628073 0 70950 0 ADRIAN MELENDEZ CHIEF TECHNOLOGY OFFICER 232421 0 7818 0 126272 0 119775 0 39517 0 525803 0 102766 0 JAMES T PACE VICE PRESIDENT - COLLECTIONS 193743 0 0 0 159347 0 15250 0 28018 0 396358 0 0 0 ROCKY A MUNIZ-GONZALEZ CHIEF INVESTMENT OFFICER 279490 0 33234 0 23061 0 12796 0 11116 0 359697 0 0 0 BARRY R SMITH PRESIDENT EASTERN TEXAS 295980 0 0 0 6508 0 15250 0 35506 0 353244 0 0 0 CHRISTOPHER D MURPHY CHIEF RISK OFFICER 244565 0 10373 0 36787 0 13246 0 9816 0 314787 0 0 0 KRISTIE H SIMO CHIEF LENDING OFFICER 237570 0 42644 0 3511 0 0 0 8187 0 291912 0 0 0 MATTHEW E STEWART MORTGAGE SALES TEAM LEAD 58039 0 190507 0 56 0 12046 0 19595 0 280243 0 0 0 BILL BEAUCHENE MANAGER SALESFORCE 216678 0 0 0 13755 0 11598 0 24187 0 266218 0 0 0 RICHARD B WHITMAN PRESIDENT - TML 235360 0 0 0 12635 0 8617 0 390 0 257002 0 0 0 PART I, LINE 4B HIGHLY COMPENSATED EMPLOYEES ARE PROVIDED THE OPPORTUNITY TO PARTICIPATE IN THE COMPANY SPONSORED 457(B) PLAN. ALL FUNDS IN THE 457(B) PLAN ARE FROM VOLUNTARY DEFERRALS AND NO COMPANY FUNDS ARE ADDED OR MATCHED TO THE DEFERRAL. CERTAIN EXECUTIVE EMPLOYEES PARTICIPATE IN A COMPANY SPONSORED 457(F) PLAN PURSUANT TO A WRITTEN PLAN DOCUMENT AND PARTICIPANT AGREEMENT. THE PARTICIPANTS AND THE BENEFIT LIABILITY RECORDED FOR EACH/AMOUNT PAID OUT AS OF/DURING THE YEAR ENDED DECEMBER 31, 2024 IS AS FOLLOWS: PAYOUTS DURING 2024: V. E. POINTER: $255,188 (EXE 457(F)) J.W. POST: $64,945 (ESRP) C. COSS: $180,868 (ESRP) A. FAUST: $70,950 (ESRP) M. VINING: $123,255 (ESRP) K. WHITSON: $154,780 (ESRP) A. MELENDEZ: $102,766 (ESRP) E. ARMY: $65,038 (ESRP) ACCRUED DEFERRED COMPENSATION LIABILITY AS OF 12/31/24: VANCE E. POINTER (EXE 457(F)) $1,941,508 J.W. POST (ESRP) $148,219 C. COSS (ESRP) $255,826 A. FAUST (ESRP) $298,507 M. VINING (ESRP) $223,444 K. WHITSON (ESRP) $251,659 A. MELENDEZ (ESRP) $106,894 E. ARMY (ESRP): $232,128 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAD A $5.00 SHARE ACCOUNT REQUIREMENT TO JOIN. BOARD OF DIRECTORS VOTED ON BY MEMBERS AS REQUIRED DURING ANNUAL MEETINGS. FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTORS VOTED ON BY MEMBERS AS REQUIRED DURING ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE FORM 990 AFTER COMPLETION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION DETERMINED BY THE BOARD OF DIRECTORS COMPENSATION COMMITTEE USING MARKET DATA AND PERFORMANCE REVIEWS. COMMITTEE PRESENTS A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR FINAL REVIEW. OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION DETERMINED BY THE CEO USING MARKET DATA AND PERFORMANCE REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND OUTSIDE SERVICES 13,127,712. FORM 990, PART XIII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. CREDIT UNION OF TEXAS CHARITABLE FOUNDATION 900 W BETHANY RD STE 500 ALLEN TX 75013 871159287 CHARITABLE FOUNDATION TX 501(C)(3) PF CREDIT UNION OF TEXAS 1 TEXAS MORTGAGE LENDING LLC 415 CENTURY PKWY SUITE 1100 ALLEN TX 75013 820953703 MORTGAGE ORIGINATIONS & SALES TX RELATED 476 1600387 0 0 0.50000 DTCU SERVICES INC 415 CENTURY PKWY SUITE 1150 ALLEN TX 75013 752623129 HOLDING COMPANY TX CREDIT UNION OF TEXAS C 1699158 1.00000 1 CREDIT UNION SERVICES INC 415 CENTURY PKWY SUITE 1150 ALLEN TX 75013 752623130 LEASING TX DTCU SERVICES INC C 24860318 136688513 1.00000 1 LAKEWOOD TITLE LLC 6510 ABRAMS RD SUITE 670 DALLAS TX 75231 261496653 TITLE COMPANY TX DTCU SERVICES INC C 1645172 3219989 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 CREDIT UNION OF TEXAS CHARITABLE FOUNDATION N 57961 GENERAL LEDGER CREDIT UNION OF TEXAS CHARITABLE FOUNDATION O 171519 GENERAL LEDGER CREDIT UNION SERVICES INC J 799634 GENERAL LEDGER CREDIT UNION SERVICES INC O 496298 GENERAL LEDGER CREDIT UNION SERVICES INC P 83630 GENERAL LEDGER CREDIT UNION SERVICES INC Q 7781360 GENERAL LEDGER CREDIT UNION SERVICES INC N 1261075 GENERAL LEDGER CREDIT UNION SERVICES INC A 54231 GENERAL LEDGER CREDIT UNION SERVICES INC D 23544072 GENERAL LEDGER LAKEWOOD TITLE LLC Q 269807 GENERAL LEDGER LAKEWOOD TITLE LLC N 1235626 GENERAL LEDGER LAKEWOOD TITLE LLC O 473524 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC O 473524 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC N 1235626 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC J 90970 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC Q 3127310 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC P 2881041 GENERAL LEDGER FORM 990, SCH R, PART IV LAKEWOOD TITLE, LLC IS A WHOLLY OWNED SUBSIDIARY OF DTCU SERVICES, INC. AND WAS ACQUIRED DURING 2023 TO PROVIDE REAL ESTATE TITLE SERVICES TO THE MEMBERS OF CREDIT UNION OF TEXAS. AS AN LLC OWNED BY SINGLE MEMBER, LAKEWOOD TITLE, LLC'S 2024 ACTIVITIES ARE INCLUDED IN DTCU SERVICES, INC.'S FORM 1120, U.S. CORPORATION INCOME TAX RETURN.